{"id":456,"date":"2024-06-23T22:58:27","date_gmt":"2024-06-23T13:58:27","guid":{"rendered":"https:\/\/www.n-cpa.com\/audit\/?page_id=456"},"modified":"2024-06-27T23:31:08","modified_gmt":"2024-06-27T14:31:08","slug":"japanese-subsidiary-under-hk-capital","status":"publish","type":"page","link":"https:\/\/www.n-cpa.com\/audit\/en\/audit-service-2\/audit-for-subsidiaries-in-japan\/japanese-subsidiary-under-hk-capital\/","title":{"rendered":"Japanese subsidiary under HK capital"},"content":{"rendered":"

Regulations<\/h3>\n

In Hong Kong, except for the first financial year, a general meeting of shareholders is required to be held within 9 months from the end of the accounting year (Sec. 610: Companies Ordinance). Additionally, regardless of whether a company is listed or non-listed, a Certified Public Accountant’s audit is mandatory (Sec. 405: Companies Ordinance).<\/p>\n

Furthermore, although there are exemption criteria, even non-listed companies are generally required to prepare consolidated financial statements (Sec. 379(2): Companies Ordinance). This is the reason why Japanese subsidiaries with a parent company in Hong Kong are also subject to financial statement audits.<\/p>\n

However, for non-listed Hong Kong companies, since the general meeting is often held 9 months after the financial year-end, there is usually no urgency to conduct the audit immediately. In many cases, completing the audit by August to September for March year-end companies or by May to June for December year-end companies is considered sufficient.<\/p>\n

At our firm, we conduct audits for such Japanese subsidiaries of Hong Kong-based companies while collaborating with the auditors of the parent company. We also provide consultations and estimates, so please feel free to contact us.<\/p>\n

\nPlease click here<\/span> for frequent asked questions (FAQ)<\/a>\n<\/div>\n